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Jacobson lives! $100k in cash lost to the trustee in Idaho
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Idaho. Debtors sell house while they're in bankruptcy, but fail to follow the Idaho exemption regime which required them to reinvest the money in a new homestead within a year. Trustee comes calling, a few appeals later, and we end up with McAllister v. Wells in the Ninth Circuit.
Even the panel notes just how controversial this is. Let's get into it!
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